Rocket Companies, Inc. (RKT)
Rocket Companies, Inc. is a leading enterprise focused on leveraging technology across the real estate, mortgage, and e-commerce industries, with operations spanning the United States and Canada. The firm organizes its activities into two principal divisions: direct engagement with consumers and a collaborative partner network. Its extensive suite of solutions encompasses: Rocket Mortgage: A primary provider of mortgage lending services. Amrock: Offering vital services such as title insurance, property valuation, and transaction settlement. Rocket Homes: A comprehensive platform for home searching and a referral network connecting clients with real estate agents, employing technology to simplify the home buying and selling journey. Rocket Auto: An online marketplace for automotive retail that facilitates centralized and virtual support for car purchases. Rocket Loans: A service specializing in online personal loans. Core Digital Media: A digital advertising agency prominent in the mortgage, insurance, and education sectors. Rocket Solar: Connecting homeowners to digital financing options for solar energy installations through expert advisors. Truebill: A personal finance application designed to help users manage various aspects of their financial lives. Lendesk: A technology services company providing point-of-sale systems for mortgage professionals and loan origination software for private lenders. Edison Financial: A digital mortgage brokerage. Beyond these specific brands, Rocket Companies also undertakes the initiation, finalization, sale, and servicing of agency-conforming loans. Established in 1985, the company maintains its headquarters in Detroit, Michigan, and operates as a subsidiary of Rock Holdings, Inc.
Sector: Mortgage Bankers & Loan Correspondents
Industry: Financial - Mortgages
Rocket Companies, Inc.
NYSE:RKTFinancial Services · Financial - Mortgages
+0.29%$13.81
CLOSED · Nov 3Prev close$13.77+0.29%Close$13.81-1.16%AH close$13.65
AH$13.65-1.16%vs close
Mkt Cap$39.19B
Float1.88B
O/S2.84B
VOL71.89M sh
$ Vol$991.76M
RVOL1.83×
Inst Own33.8%
SI7.5%
Dilution
Financials Summary
Revenue$6.88B
Net Income-$68M
Total Assets$60.69B
Free Cash Flow-$4.02B
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$22.9B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in RKT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$60.69B
Liabilities$37.79B
Accounts Receivable$2.04B
Accounts Payable$285M
Inventory$0
PP&E (Net)$260M
Goodwill$10.61B
Intangible Assets$2.22B
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Revenue | $6.88B | $5.4B | $4.01B | $6B | $13.18B | $15.9B | $5.2B | $4.31B | $4.25B |
| YoY Growth | 27.4% | 34.8% | -33.3% | -54.4% | -17.1% | 205.4% | 20.8% | 1.3% | - |
| Cost of Revenue | $580M | $469.23M | $359.97M | $319.98M | $491.89M | $431.82M | $271.77M | $229.35M | $180.94M |
| Gross Profit | $6.3B | $4.93B | $3.65B | $5.68B | $12.68B | $15.46B | $4.93B | $4.08B | $4.07B |
| Gross Margin | 91.6% | 91.3% | 91.0% | 94.7% | 96.3% | 97.3% | 94.8% | 94.7% | 95.7% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $2.53B | $3.98B | $3.8B | $4.65B | $5.79B | $5.24B | $3.67B | $3.17B | $3.02B |
| Other | $3.17B | $285.67M | $251.95M | $293.23M | $709.01M | $690.79M | $354.98M | $287.45M | $284.68M |
| Total Operating Expenses | $5.7B | $4.26B | $4.05B | $4.94B | $6.5B | $5.93B | $4.03B | $3.46B | $3.3B |
| Operating Income (EBIT) | $600M | $668.05M | -$402.9M | $741.91M | $6.18B | $9.53B | $904.44M | $618.1M | $771.94M |
| Operating Margin | 8.7% | 12.4% | -10.1% | 12.4% | 46.9% | 60.0% | 17.4% | 14.3% | 18.2% |
| Interest Expense | $814M | $469.23M | $359.97M | $319.98M | $491.89M | $431.82M | $271.77M | $229.35M | $180.94M |
| Interest Income | $501M | $413.16M | $327.45M | $350.59M | $430.09M | $329.59M | $250.75M | $200.93M | $159.58M |
| Other Income (Expense) | -$814M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | -$214M | $668.05M | -$402.9M | $741.91M | $6.18B | $9.53B | $904.44M | $618.1M | $771.94M |
| Income Tax Expense | $20M | $32.22M | -$12.82M | $41.98M | $112.74M | $132.38M | $7.31M | $3.24M | $1.23M |
| Net Income | -$68M | $29.37M | -$15.51M | $46.42M | $308.21M | $197.95M | $0 | $0 | $770.7M |
| Net Income Margin | -1.0% | 0.5% | -0.4% | 0.8% | 2.3% | 1.2% | - | - | 18.1% |
| Supplementary Data | |||||||||
| EPS | -0.03 | 0.21 | -0.12 | 0.39 | 2.36 | 1.77 | 0.00 | 0.00 | 7.68 |
| Diluted EPS | -0.03 | 0.01 | -0.01 | 0.02 | 0.15 | 1.83 | 0.00 | 0.00 | 7.43 |
| Weighted Average OS | 2.47B | 141.04M | 128.64M | 120.58M | 130.58M | 111.93M | 100.37M | 100.37M | 100.37M |
| EBITDA | $890M | $780.97M | -$292.63M | $835.93M | $6.26B | $9.61B | $979.39M | $695.02M | $840.75M |
| EBITDA Margin | 12.9% | 14.5% | -7.3% | 13.9% | 47.5% | 60.4% | 18.8% | 16.1% | 19.8% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and Cash Equivalents | $2.7B | $1.27B | $1.11B | $722.29M | $2.13B | $1.97B | $1.39B | $1.05B |
| Short-Term Investments | $0 | $0 | $0 | $0 | $1.92B | $5.7B | $752.44M | $534.11M |
| Cash and Short-Term Investments | $2.7B | $1.27B | $1.11B | $722.29M | $4.05B | $7.67B | $2.15B | $1.59B |
| Accounts Receivable | $2.04B | $633.02M | $579.22M | $439.57M | $517.96M | $406.05M | $288.34M | $229.03M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | -$66.6M | $0 | -$137K | $0 | -$3.7M | $0 |
| Total Current Assets | $4.74B | $2.06B | $1.78B | $1.35B | $4.74B | $8.25B | $2.55B | $1.91B |
| Long-Term Assets | ||||||||
| Property, Plant & Equipment Net | $260M | $495.62M | $598.55M | $640.38M | $682.27M | $449.71M | $455.37M | $202.56M |
| Goodwill | $10.61B | $1.23B | $1.24B | $1.26B | $1.3B | $47.23M | $40.26M | $46.98M |
| Intangible Assets | $2.22B | $7.63B | $6.44B | $6.95B | $5.39B | $2.86B | $2.87B | $3.18B |
| Long-Term Investments | $0 | $9.52B | $6.9B | $7.5B | $19.92B | $24.78B | $13.99B | $6.03B |
| Deferred Tax Assets | $0 | $521.82M | $550.15M | $537.96M | $572.05M | $519.93M | $0 | $0 |
| Other Long-Term Assets | $0 | $3.06B | $1.72B | $1.85B | $180.36M | $619.01M | $208.83M | $180.81M |
| Total Long-Term Assets | $13.1B | $22.45B | $17.45B | $18.73B | $28.04B | $29.28B | $17.57B | $9.64B |
| Other Assets | $42.85B | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $60.69B | $24.51B | $19.23B | $20.08B | $32.77B | $37.53B | $20.08B | $11.55B |
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | $285M | $181.71M | $171.35M | $116.33M | $271.54M | $251.96M | $157.4M | $92.68M |
| Short-Term Debt | $0 | $8.89B | $4.63B | $5.07B | $11.48B | $20.33B | $10.44B | $4.24B |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $285M | $9.08B | $4.81B | $5.19B | $11.75B | $20.58B | $10.6B | $4.33B |
| Long-Term Liabilities | ||||||||
| Long-Term Debt | $0 | $4.76B | $4.53B | $4.85B | $9.22B | $7.05B | $5.2B | $3.87B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $37.5B | $1.31B | $1.2B | $1.14B | $1.56B | $1.75B | $493.97M | $567.58M |
| Total Long-Term Liabilities | $37.5B | $6.39B | $6.12B | $6.42B | $11.26B | $9.07B | $6.01B | $4.44B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $37.79B | $15.47B | $10.93B | $11.61B | $23.02B | $29.65B | $16.57B | $8.77B |
| Stockholders' Equity | ||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $0 | $20K | $20K | $20K | $20K | $20K | $3.51B | $2.78B |
| Retained Earnings | $124M | $312.83M | $284.3M | $300.39M | $378M | $207.42M | $0 | $0 |
| Comprehensive Income & Other | $0 | -$48K | $52K | $69K | $81K | $317K | -$151K | -$868K |
| Other Stockholders' Equity | $22.77B | $389.65M | $340.58M | $276.29M | $287.64M | $283.06M | -$12.78M | -$868K |
| Total Equity | $22.9B | $702.5M | $624.9M | $576.7M | $665.66M | $490.5M | $3.5B | $2.77B |
| Minority Interest | $0 | $8.34B | $7.68B | $7.9B | $9.09B | $7.39B | $5.01M | $6.17M |
| Total Liabilities and Equity | $60.69B | $16.17B | $11.55B | $12.18B | $23.68B | $30.14B | $20.07B | $11.55B |
| Supplementary Data | ||||||||
| Total Debt | $0 | $13.98B | $9.56B | $10.35B | $21.18B | $27.65B | $15.96B | $8.11B |
| Net Debt | -$2.7B | $12.7B | $8.45B | $9.63B | $19.05B | $25.68B | $14.56B | $7.06B |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Operating Activities | |||||||||
| Net Income | -$234M | $635.83M | -$15.51M | $699.93M | $6.07B | $9.4B | $897.13M | $614.86M | $770.71M |
| Depreciation & Amortization | $290M | $112.92M | $110.27M | $94.02M | $74.71M | $74.32M | $74.95M | $76.92M | $68.81M |
| Deferred Income Tax | $12M | $29.35M | -$17.78M | $36.17M | $48.32M | $66.53M | $0 | -$1.97B | -$2.74B |
| Stock-Based Compensation | $343M | $145.48M | $180.13M | $216M | $163.71M | $136.19M | $39.7M | $33.64M | $32.9M |
| Changes in Working Capital: | |||||||||
| Accounts Receivable | -$436M | $5.29M | -$8.73M | -$1.04M | $12.42M | $7.25M | $3.76M | $5.04M | $43.97M |
| Inventory | $0 | $0 | $0 | $1.04M | $0 | -$7.25M | $0 | -$68.46M | $113.72M |
| Accounts Payable | -$33M | $10.36M | $55.02M | -$155.21M | $11.17M | $94.56M | $64.67M | -$49.08M | -$10.12M |
| Other Working Capital | $971M | $117.52M | -$219.47M | -$297.39M | $113.06M | -$233.32M | -$32.96M | -$645K | -$1.86M |
| Total Working Capital Change | $502M | $133.17M | -$173.19M | -$452.61M | $136.65M | -$138.76M | $35.48M | -$113.16M | $145.71M |
| Other Non-Cash Items | -$4.84B | -$3.69B | $26.41M | $10.23B | $1.25B | -$11.21B | -$8.03B | $2.79B | $1.48B |
| Net Cash from Operating | -$3.93B | -$2.63B | $110.33M | $10.82B | $7.74B | -$1.68B | -$6.98B | $1.43B | -$242.72M |
| Investing Activities | |||||||||
| Capital Expenditures | -$91M | -$67.51M | -$60.34M | -$107.76M | -$118.29M | -$106.35M | -$48.84M | -$64.47M | -$67.78M |
| Acquisitions | -$2.32B | $0 | $0 | $14.64M | -$1.23B | -$565.53M | $0 | -$28.15M | -$22.6M |
| Purchases of Investments | -$550M | $0 | -$5.47M | -$14.64M | -$39.9M | -$2.5M | $0 | -$28.15M | $0 |
| Sales of Investments | $430M | $0 | $6.48M | $2.06M | $0 | $565.53M | $136.82M | $27.63M | $2.34M |
| Other Investing Activities | $2M | -$427.96M | $920.48M | $684.45M | $727.73M | $626.05M | -$16.08M | -$1.33M | -$923K |
| Net Cash from Investing | -$2.53B | -$495.47M | $861.15M | $578.74M | -$664.85M | $517.2M | $71.89M | -$94.48M | -$88.96M |
| Financing Activities | |||||||||
| Debt Repaid | -$8.37B | -$3.23B | $650.81M | $10.43B | $2.45B | -$6.54B | -$7.11B | $965.86M | -$1.29B |
| Common Stock Issuance | -$186M | $21.82M | $24.88M | $37.76M | $41.98M | $1.75B | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | -$177.7M | -$231.58M | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$105M | $27.95M | $2.37M | -$182.77M | -$3.99B | -$6.74B | $114.24M | -$706.85M | -$474.27M |
| Net Cash from Financing | $8.1B | $3.28B | -$623.56M | -$12.82B | -$6.92B | $1.76B | $7.23B | -$1.67B | $992.14M |
| Forex Effect | $1M | -$1.36M | -$191K | -$949K | -$115K | $885K | $877K | -$1.06M | $0 |
| Net Change in Cash | $1.65B | $152.49M | $347.73M | -$1.42B | $157.49M | $598.38M | $319.4M | -$337.06M | $660.45M |
| Supplementary Data | |||||||||
| Operating Cash Flow | -$3.93B | -$2.63B | $110.33M | $10.82B | $7.74B | -$1.68B | -$6.98B | $1.43B | -$242.72M |
| Capital Expenditure | -$91M | -$805.11M | -$60.34M | -$107.76M | -$302.82M | -$106.35M | -$48.84M | -$64.47M | -$67.78M |
| Free Cash Flow | -$4.02B | -$3.43B | $49.99M | $10.72B | $7.44B | -$1.78B | -$7.03B | $1.37B | -$310.5M |
| Cash at Beginning | $1.29B | $1.14B | $789.1M | $2.21B | $2.05B | $1.46B | $1.14B | $1.47B | $782.48M |
| Cash at End | $2.93B | $1.29B | $1.14B | $789.1M | $2.21B | $2.05B | $1.46B | $1.14B | $1.44B |